IMPACT Silver Corp. announces the resignation of James O’Sullivan as Corporate Secretary and the appointment of Graeme Austin as the new Corporate Secretary of the Company.
Con una inversión superior a los 40 millones de pesos, directivos de Minera Peñasquito inauguraron este jueves la Unidad Médica Regional de la comunidad de Cedros, municipio de Mazapil, Zacatecas, que será atendida por personal de IMSS-Prospera.
Curtis Turner, President and CEO of Candelaria Mining stated: “I am pleased to announce the results of the Pinos PEA. The PEA shows that Pinos is a great small scale project with the ability to grow. We are encouraged, not only by the PEA, but with the exploration potential on the property. The project is fully permitted. We have already sourced much of the processing facility. Therefore, we have limited much of the risk associated with the start-up of most projects at a PEA stage. Developing the property as outlined in the PEA will allow us to commence with a low-capex project which will generate cash flows and to allow us to expand the operations, conduct further exploration work and continue to advance the other projects in our portfolio.
In Mexico, the company hopes to add 12 years of mine life at its El Gallo Complex in Sinaloa State through a proposed redevelopment program known as Project Fenix. It hopes to achieve that goal by combining mineralized sources from five locations that will be developed in two distinct process plant construction phases. Phase 1 would target the recovery of heap leach material using a conventional ball mill, grinding and hybrid-carbon-in-leach circuit.
David Coburn, Gainey Capital’s CEO commented “We are hoping to have initial assay results back from the Las Margaritas Phase 1 Exploration in late September or early October and will then identify targets for drilling in Q4 2018.”
Detailed geological mapping, rock chip and stream sediment sampling is underway in order to define potential drill targets on the Property.The Company is looking forward to Capstone advancing the project towards drill stage.Kootenay will report on results after programs are complete and Capstone reports them to the Company.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, the Babicanora Norte Vein continues to deliver near-surface drill intercepts with high-grade silver-gold mineralization along an estimated known strike length of 900 metres. We now have 30 epithermal veins on the property with a total cumulative strike length of approximately 20 kilometres, of which 5 kilometres have been partially drilled and only 3.5 kilometres were included in the February 2018 maiden resource. We are currently at the end of the rainy season with reduced drilling but have continued to step-out drill with several core rigs on the Babicanora Norte, Granaditas, and Babicanora Sur veins. We are systematically working towards an imminent resource update.
Vangold Mining Corp. announces that, further to its news release dated December 19, 2017 announcing the acquisition of the San Carlos Property, Mexico, it will not be proceeding with the acquisition at this time and has withdrawn its submission to the TSX Venture Exchange. The Company has decided to put the San Carlos property acquisition on hold until further exploration and drilling is completed on the nearby El Pinguico Mine property to confirm an extension of mineralization from the El Pinguico property.
Sample number 842 was channeled in the volcanic breccia over a width of 80cm and returned a very high-grade result of 4.027 kg/t Silver and 29.2 g/t Gold. This sample is located in the La Franca title, which is an area of 12 hectares in the northeast part of the Zamora Silver-Gold Property, and within the Campanillas claim. Zamora has a surface expression of 3,376.63 hectares. Auxico does not hold title to La Franca, however, La Franca is located 600 metres south-west of the Campanillas mine, form which samples assayed as high as 14.6 kg/t Silver and 15 g/t Gold. The structure can be followed for some 600m along strike with the Campanillas Mine which is indicated by numerous workings between the two historic mines, La Franca and Campanillas.
“We are very pleased to have been able to identify this additional style of mineralization giving us a secondary lower-grade target close to surface as well as the high-grade Margarita structure.” commented Ruben Padilla Vice President of Exploration for Sable. “With the first stage of drilling now complete we will evaluate our results and formulate a plan for stage 2 drilling targeting further extensions of Margarita and the other adjacent parallel veins”
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